Gains from elsse is taxeble or not

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23 Points Posted on 11 March 2021
I got 100000 gain from elsse it is taxeble or not
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On 11 March 2021 at 17:47 Report
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This discussion clarifies whether gains from Equity Linked Savings Schemes (ELSS) are taxable in India. It explains that the profit made from ELSS investments is subject to capital gains tax. Depending on the holding period, these gains will be classified as either Short-Term Capital Gains (STCG) or Long-Term Capital Gains (LTCG) and must be reported in your Income Tax Return (ITR).

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791 Points Posted on 11 March 2021
Please clarify the question
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On 11 March 2021 at 19:08
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Chartered Accountant
24588 Points Posted on 11 March 2021
Please explain
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On 11 March 2021 at 19:48
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23 Points Posted on 11 March 2021
From Dec. 2014 I started sip ऑफर्स. 2000 per month till Nov. 2017 and in Feb. 2018 i invest 125000 one time my total investment is Rs 197000. Now I closed my account and get back 300800. Please tell me in itr I have to show it or not
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On 11 March 2021 at 20:07
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17269 Points Posted on 11 March 2021
Excess of redemption amount over Cost of investment is either STCG OR LTCG or partly both.
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On 11 March 2021 at 20:17

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